1315_Nareit Testimonial Reitweek Prosky 20240627 v2

Danny Prosky, president and CEO of American Healthcare REIT, Inc . (NYSE: AHR), sat down for a video interview at Nareit's REITweek: 2024 Investor Conference, held in New York June 3-6.

Prosky pointed to significant organic same store earnings growth across the portfolio, particularly in the integrated senior health campuses and Trilogy investments. The company reported a 33.5% same store earnings growth year-over-year in their SHOP portfolio, and nearly 20% growth in their Trilogy investments, underpinning their strong Q1 results. Prosky attributed this growth to favorable demographic trends, notably the aging baby boomer population driving demand in long-term care facilities.

Investor inquiries have primarily focused on the sustainability of the organic growth trajectory. Prosky assured that while the pace might vary, the supply-demand fundamentals remain compelling, bolstered by minimal new supply in recent years.

Looking ahead, Prosky identified organic same-store growth as the cornerstone of their strategy for the second half of the year and into 2025. With approximately 75% of their investments in long-term care, American Healthcare REIT remains optimistic about capitalizing on ongoing market opportunities within this sector.

"It's a good time to be in long-term care. We've got a lot of demand over the next several years with the baby boomers starting to turn 80 very soon, right when there's been a five to six year period of very little new supply,” Prosky said.